RepRisk Makes ESG Data Accessible from Snowflake Marketplace

RepRisk’s ESG risk data is now available on Snowflake Marketplace, giving sustainable market professionals easy access to the Swiss company’s content without having to adapt their internal processes.

Through Snowflake’s platform, RepRisk says customers can be assured of data security, scalability, assessment and governance. Its data is collated from sources other than corporate self-disclosures to ensure investors are provided with independent information.

ISS ESG Provides US Cyber Risks Visibility for Sustainability Investors

ESG investors are now able to monitor companies’ cyber risks through a new service provided by ISS ESG. The ISS ESG US Cyber Risk Index offers clients visibility into which corporates face the highest risk of digital intrusion based on their cyber security provisions.

ISS ESG, the sustainable investment unit of Institutional Shareholder Services, said the index is based on is Cyber Risk Scores.

Huge Differences in Data Costs Found

A study of ESG data costs has found that some asset managers are being charged six time more than others for sustainability data and scores. Substantive Research also found that index data could be as much as 26 times more expensive for some customers.

IBA Continues Move Away from LIBOR benchmarks with SOFR Spread-Adjusted ICE Swap Rate

Intercontinental Exchange (ICE) continues the move away from LIBOR benchmarks with its subsidiary ICE Benchmark Administration (IBA) planning to launch a US dollar (USD) SOFR Spread-Adjusted ICE Swap Rate for use as a benchmark in financial contracts and financial instruments by licensees on 3 July 2023.

IBA has been publishing USD SOFR Spread-Adjusted ICE Swap Rate settings on an indicative, beta basis for an initial testing period since October 2021. Assuming continued satisfactory testing and feedback, IBA expects to publish the rate settings as a benchmark for use by licensees on and subject to the terms of current USD ICE Swap Rate licensing agreements.

IBA will cease publication of all USD LIBOR ICE Swap Rate benchmark runs including USD LIBOR 1100, USD LIBOR Spreads 1100 and USD LIBOR 1500 for all tenors immediately after publication on 30 June 2023.

Eurex to Launch ESG Compass Clearing Tool

European derivatives exchange Eurex is to launch an ESG clearing tool next month that will enable customers to test their portfolios against a number of climate metrics and data. The ESG Compass will provide services initially for securities delivered as margin collateral and default fund contributions.

ESG Book to Provide Data and Tech to Korean Member of BDO

ESG Book, the sustainability information and scores provider backed by an alliance of large banks and institutions, is to supply data and technology to Korea’s BDO Sunghyun. The independent member of the global BDO accounting and tax advisory network will be able to access ESG Book’s raw ESG and climate data, company- and portfolio-level scores as well as analytical tools.

Kensho Classify NLP Solution Sifts Market Signals Form Thousands of Documents

Kensho Technologies, an S&P Global company, has released a natural language processing (NLP) solution, Kensho Classify, that derives value from vast amounts of text and documents by making content more discoverable, enabling analysis of text, smart search, content recommendations, and streamlined research and analysis. The solution is tuned for complex business and finance use cases, allowing users to find concepts and topics within documents in a fast and efficient way, with no machine learning or technical skills required. For capital markets participants, the solution can help find market signals from thousands of documents.

Kensho recently introduced the Named Entity Recognition and Disambiguation (NERD) UI, an NLP solution optimised to extract and understand all types of entities in text documents using a context-aware model. The UI allows users to gain insight into the who, what and where of any document. Classify is a sister solution offering insight on more abstract topics spanning sentences or paragraphs. Together, NERD and Classify can give a complete picture of large amounts of text in a quick and efficient manner.

Qlik Connector Factory Extends Access to SaaS Data for Cloud Analytics

Qlik has introduced Connector Factory in line with its strategy to continually expand access to and delivery of data from hundreds of SaaS applications and data sources to meet enterprise cloud analytics and data integration needs. The company already offers over 250 connectors and through 2023 will add a further 100 connectors for Qlik Cloud Data Integration. The initial delivery of new connectors is expected over the next two quarters and includes support for 30 of the most popular enterprise applications including NetSuite, Workday, SAP SuccessFactors, Salesforce, Epic, Cerner, OSIsoft, ADP, SAP Ariba and HubSpot.

Latin American ESG Services Provider NINT Acquired by ERM

NINT, a Latin America-focused ESG research company that offers due diligence and other advisory services to financial institutions, has been bought by ERM. Rio de Janeiro-based NINT will provide assessments of sustainability-liked assets and support issuance and debt structuring expertise.

Clarity AI, CDP to Jointly Build Sustainability Tech Tools

Clarity AI and CDP are to jointly develop new technology products to help financial institutions to gauge their environmental impact. London-based Clarity AI, a sustainability technology platform, will use data from CDP in its Net Zero tool and will calculate the disclosure body’s Climetrics database for ETFs and funds.